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Dec 2, 2012
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>> funding is provided by -- carnegie corporation of new york. celebrating 100 years of philanthropy, and committed to doing real and permanent good in the world. the kohlberg foundation. independent production fund, with support from the partridge foundation, a john and polly guth charitable fund. the clements foundation. park foundation, dedicated to heightening public awareness of critical issues. the herb alpert foundation, supporting organizations whose mission is to promote compassion and creativity in our society. the bernard and audre rapoport foundation. the john d. and catherine t. carthufoundati, committed to building a more just, verdant, and peaceful world. more information at macfound.org. anne gumowitz. the betsy and jesse fink foundation. the hkh foundation. barbara g. fleischman. and by our sole corporate sponsor, mutual of america, designing customized individual and group retirement products. that's why we're your retirement company. >> welcome to a story that's been unfolding for nearly 40 years, but hasone largely untold, and
>> funding is provided by -- carnegie corporation of new york. celebrating 100 years of philanthropy, and committed to doing real and permanent good in the world. the kohlberg foundation. independent production fund, with support from the partridge foundation, a john and polly guth charitable fund. the clements foundation. park foundation, dedicated to heightening public awareness of critical issues. the herb alpert foundation, supporting organizations whose mission is to promote...
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Dec 26, 2012
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. >> more people; more money; more style in new york. >> mike: the language of the custom hat business. >> mike: most silicon valley startups have one common goal: to be the next breakout company. next, three brothers who are on that path. millions already know their product and their growth is nothing to c/tom at. >> so this is the pitch. >> mike: meet the brothers smith, nate, ben, and tom. and if the smith brothers has a certain ring to it, well, it's because they are related to those other ones of ahem cough drop and elixir fame. but what these smith brothers are known for are video games. cordy, cordy sky and sleepy jack, three of the most popular game apps in the digital universe. millions, multimillions of downloads across all platforms. >> mobile phones, tablets, p.c., television, set top boxes and trying to have kind of fluid experiences across all those different types of streams. >> mike: the ability to go from here to there -- >> yup. >> mike: to there -- >> to the t.v. >> mike: is a huge deal. >> yes. yeah. and that's the thing i think we're ahead of the curve there in ter
. >> more people; more money; more style in new york. >> mike: the language of the custom hat business. >> mike: most silicon valley startups have one common goal: to be the next breakout company. next, three brothers who are on that path. millions already know their product and their growth is nothing to c/tom at. >> so this is the pitch. >> mike: meet the brothers smith, nate, ben, and tom. and if the smith brothers has a certain ring to it, well, it's because...
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Dec 16, 2012
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they registered in new york city as domestic partners as soon as they could in 1993. but they wanted much more. >> "we want to do the vows and we want to exchange rings." >> spayer had been stricken with multiple sclerosis, and her health was failing. but that did not keep her and edie from hopping a plane to toronto, canada, where in 2007 they were wed. >> "i thea spayer, choose you...until death do us part." >> two years later thea passed away, leaving the bulk of her estate to edie, now 83, which resulted in an estate tax bill of $363,000. even though new york recognized their marriage, edie did not qualify for the marital deduction allowed heterosexual marriages because of the defense of marriage act. a federal appeals court in new york found that also violated the guarantee to equal protection, but went much further. after noting a long history of discrimination against gays and lesbians, the court concluded any law that makes distinctions based on sexual orientation must be subjected to "heightened scrutiny," and the government must present "exceedingly persuasi
they registered in new york city as domestic partners as soon as they could in 1993. but they wanted much more. >> "we want to do the vows and we want to exchange rings." >> spayer had been stricken with multiple sclerosis, and her health was failing. but that did not keep her and edie from hopping a plane to toronto, canada, where in 2007 they were wed. >> "i thea spayer, choose you...until death do us part." >> two years later thea passed away,...
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Dec 18, 2012
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they got their start five years ago in new york state and now has revenues of nearly $1 billion. the founder and c.e.o. joins us now, hamdi ulukaya, thanks for joining us. >> thank you for having me. >> susie: so this is a real vote of confidence, especially in these tough economic times. why are you doing this big expansion right now? >> well, we trust in our business, we trust in our brand. thio gurt has a very exciting time in america right now, since we started five years ago. but also overall in the economy, if you look at t you know, we never lost confidence in america. we have some bumpy roads but we think that all things are going to go in a different direction in the next two years and we see it in our own business. >> susie: your business has been growing tremendously fast but there are a lot of other players that are getting into the greekio gurt area from general mills to dannon. what kind of pressure is this going to put on you competitively? >> look,io gurt has been around for long long time. not only in this country but in the world. but unfortunately, you know, we
they got their start five years ago in new york state and now has revenues of nearly $1 billion. the founder and c.e.o. joins us now, hamdi ulukaya, thanks for joining us. >> thank you for having me. >> susie: so this is a real vote of confidence, especially in these tough economic times. why are you doing this big expansion right now? >> well, we trust in our business, we trust in our brand. thio gurt has a very exciting time in america right now, since we started five years...
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Dec 20, 2012
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suzanne pratt, "n.b.r.," new york. >> susie: our "nbr-u" partners at wharton have new research showing how accounting for government loan guarantees, like the one given to g.m., is impacting uncle sam's bottom line. you can learn more on the web, just head to: www.nbr.com and look for the "nbr-u" tab. >> tom: look for the dirt two fly in coming months. permits to build new homes in the u.s. shot up to more than a four-year high last month as actual home building slowed down a bit. housing srts fell 3%in november from the month before, but it has been a strong recovery, compared to a year ago, housing starts up 21.6%. the building permit, jumping 3.6% in november, up to their highest level since july 2008. martin connor is the chief financial officer, and he joins us tonight from pennsylvania. marty, welcome back to n.b.r. have you been out there increasing your building permit for next year? >> tom, it is great to be with n.b.r. i do think we are increasing our permits. we've seen dramatic creaes ur sal through the first four quarters of our year, all four quarters of our year. they we
suzanne pratt, "n.b.r.," new york. >> susie: our "nbr-u" partners at wharton have new research showing how accounting for government loan guarantees, like the one given to g.m., is impacting uncle sam's bottom line. you can learn more on the web, just head to: www.nbr.com and look for the "nbr-u" tab. >> tom: look for the dirt two fly in coming months. permits to build new homes in the u.s. shot up to more than a four-year high last month as actual home...
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Dec 21, 2012
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there are a lot of talented people at the new york stock exchange. i know there are a lot of very talented people at ice. and the two sort of fit together very nicely. ice's expertise are in the futures funds and in the clearinghouses. the nyse expertise are, of course, in the listings and in the life, which was mentioned by your reporter there, in europe. and so i think you're going to see these two companies combine with ice taking over the nyse. you're going to see a much stronger company, a company that is going to do very well. and i think the stockholders are going do very well because of that. >> susie: we're go stock watching that story right here in our backyard. we will be watching it closely. thank you so much, real pleasure talking with you. senator judd gregg, former republican senator from new hampshire. >> i'm >> reporter: i'm ruben ramirez. still ahead, we'll take a look at how mobile payment technology may soon replace having to carry a plastic credit card. >> tom: we got another look at the economy between july and september, and it
there are a lot of talented people at the new york stock exchange. i know there are a lot of very talented people at ice. and the two sort of fit together very nicely. ice's expertise are in the futures funds and in the clearinghouses. the nyse expertise are, of course, in the listings and in the life, which was mentioned by your reporter there, in europe. and so i think you're going to see these two companies combine with ice taking over the nyse. you're going to see a much stronger company, a...
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Dec 13, 2012
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new york state has been at the forefront of holding non-profits accountable. the state attorney general has asked more than 75 charities to show where their sandy relief donations are going. >> these scammers tend to take advantage of people in emotional situatns, when they're very concerd about things le disaster relief, and will respond to an ad or an email without really taking the extra step of checking. >> reporter: schneiderman hopes other states follow suit and ask non-profits to disclose information about the reputability of their organization. more than two billion people around the world are expected to tune in to tonight's concert, raising more than $60 million. ruben ramirez, "n.b.r.," new york. >> tom: that's "nightly business report" for wednesday, december 12. have a great evening, everyone. and you, too, susie. >> susie: tom, we're comi to the close of 12-12-12. and i hope it's been a good day for you. thanks for watching, everyone. join us online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media acces
new york state has been at the forefront of holding non-profits accountable. the state attorney general has asked more than 75 charities to show where their sandy relief donations are going. >> these scammers tend to take advantage of people in emotional situatns, when they're very concerd about things le disaster relief, and will respond to an ad or an email without really taking the extra step of checking. >> reporter: schneiderman hopes other states follow suit and ask...
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Dec 18, 2012
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there are very few sold in new york from manufacturers in new york. new york city actually, new york state has a very stringent gun laurx three and a halfmandory years inail you carry an illegal loaded gun. we have in new york city very aggressive policing. we have worked very hard with kids to explain to them they just can't have guns but if they do carry guns and we catch them there will be real penalties. we've done things in new york city to make sure-- we have closed the gun show look loophole in new york city. but we can't do it for the whole country. >> david brooks, as you know, suggested that you are the wrong person to be out front on this issue because, he said t is an urban rle issue. anfor you to b outront. >> what's wrong with me being an urban rule. i live urban guy, i grew up in a causei rural area what did i miss here? you know, i-- i read david brooks all the time. i think he's brilliant but i don't know where he came up with that. shame on me if i'm, as an american with the wherewithal to do something. i have the bully pulpit, i hav
there are very few sold in new york from manufacturers in new york. new york city actually, new york state has a very stringent gun laurx three and a halfmandory years inail you carry an illegal loaded gun. we have in new york city very aggressive policing. we have worked very hard with kids to explain to them they just can't have guns but if they do carry guns and we catch them there will be real penalties. we've done things in new york city to make sure-- we have closed the gun show look...
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Dec 29, 2012
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ruben ramirez, "n.b.r.," new york. >> susie: as 2012 winds down, the end of the year is often a time when we reflect. tonight, "lou's been thinking" about old friends and the best gift ever. here's author and educator lou heckler. >> in the past few weeks, i have lost three friends. i know it's part of getting older,nd it still gets you thinking: how will we be measured? poet philip james bailey writes: we live in deeds, not years, in thoughts, not breaths, in feelings, not figures on a dial. there are many deeds to recount in business: profit and loss estimates, new product introductions, new markets entered and conquered. all are notable deeds in their own way. for my part, i could think of degrees earned, positions held, places traveled, ideas shared. somehow they pale compared to the older woman who approached me after a speech i gave at a senior citizens group in florida. i had talked about the healing wer of humor and she waited tentatively to speak to me when the speech was over. thank you so much, she said, taking my hands in hers. i told her i should be thanking her, this wa
ruben ramirez, "n.b.r.," new york. >> susie: as 2012 winds down, the end of the year is often a time when we reflect. tonight, "lou's been thinking" about old friends and the best gift ever. here's author and educator lou heckler. >> in the past few weeks, i have lost three friends. i know it's part of getting older,nd it still gets you thinking: how will we be measured? poet philip james bailey writes: we live in deeds, not years, in thoughts, not breaths, in...
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Dec 15, 2012
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.," new york. >> well, if you driving to the mall, you are paying a lot less for gas, pump prices are plunging dropping seven and a half percent in november. the national average for gasoline is now $3.30 a gallon. >> and that is the main reason consumer prices were down last month. the index of consumer prices which includes everything from the cost of milk to the price of a haircut fell three-tenths of a percent, that is the largest drop since may. >> but here on wall street investors ignored that up beat news and were fixated on the stalled talks in washington about the fiscal cliff. >> the dow lost 36 points, the nasdaq down 21, the s and b 500 fell, s&p fell also. >> looking at the outlook for gas and oil prices, we turn to an oil analyst, founding partner at again capital. >> you know, john, i was thinking looking over these numbers a few weeks ago here in the northeast we were paying close to $5 a gallonor gasoline, of course it was because of hurricane sandy and standing in line, gas lines, and now this. i know it is a special situation, but what is going on here? >> well, tha
.," new york. >> well, if you driving to the mall, you are paying a lot less for gas, pump prices are plunging dropping seven and a half percent in november. the national average for gasoline is now $3.30 a gallon. >> and that is the main reason consumer prices were down last month. the index of consumer prices which includes everything from the cost of milk to the price of a haircut fell three-tenths of a percent, that is the largest drop since may. >> but here on wall...
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Dec 22, 2012
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.," new york. >> susie: 'tis the season for procrastination, but don't worry, there are still three full shopping days left until christmas. and what better time to get started than tomorrow. it's expected to be the busiest shopping day of the year and the best prices so far. during the last weekend before christmas, retailers are marking down merchandise by as much as 70% and they'll be pulling out all the stops to lure customers into stores and malls around the country. this final count-down is especially important to retailers: as much as 40% of holiday sales take place in the last ten days before santa makes his run. >> get out there right now. the sales are up! saturday, macy's is having their largest sales day of the year, as well as kohls. all those promotions are up right now. what we are seeing in the malls today and tomorrow all the way through christmas will be the most aggressive promotions of the year. >> susie: we didn't see much buying enthusiasm today. investors were discouraged on the stalemate in the fiscal cliff talks. the market dropped at the open and the selling con
.," new york. >> susie: 'tis the season for procrastination, but don't worry, there are still three full shopping days left until christmas. and what better time to get started than tomorrow. it's expected to be the busiest shopping day of the year and the best prices so far. during the last weekend before christmas, retailers are marking down merchandise by as much as 70% and they'll be pulling out all the stops to lure customers into stores and malls around the country. this final...
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Dec 6, 2012
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suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again. but a big drop in apple shares kept the nasdaq from gains. by the closing bell, the dow was up 82 points, the nasdaq down 23, the s&p added two points. >> susie: investors were also encouraged by news that american workers were very productive this past summer, and that's good news for company profits. productivity increased at its fastest pace in two years, at an annual rate of 2.9% from july through september. that number blows away the initial estimate of 1.9%. erika miller takes a closer look at how technology is helping to boost safety and productivity. >> reporter: three years ago, this long island hospital had a problem: healthcare workers weren't cleaning their hands as often as required. >> 100,000 people die each year in the united states from hospital acquired infections. that's more than the number of people who die from breast cancer and from auto accidents. it's a huge problem, one that we want to make a dent in. >> reporter: lowering t
suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again. but a big drop in apple shares kept the nasdaq from gains. by the closing bell, the dow was up 82 points, the nasdaq down 23, the s&p added two points. >> susie: investors were also encouraged by news that american workers were very productive this past summer, and that's good news for company profits. productivity increased at its...
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Dec 27, 2012
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. >> school of business at dartmouthith us tonight in new york. sydney, nice to see you and welcome. you have four of the worst c.e.o.'s of the year, beginning with number 4, mark pincus, manager of zynga that relies on facebook for its success. what brought mark to your list. >> facebook and zynga announced they would go their separate ways and no longer be tied in and you can guess who that will affect more, facebook or zynga. one executive manager after anotheras lftnd that is always something i have seen as one of the reason warnings signs of something going wrong. along the way acquisition was made for $180 millujjy didn't take them more than half a year to write down 50% of the value of that acquisition. so it really look like a company that is floundering and mark pincus along the way ended out cashing out as quickly as possible raising eye browse in the possible. >> to the makeup industry and fashion. andrea young, the former c.e.o. of avon, still the chairman. this company rejected a buy outr offer earlier in the year when the share price
. >> school of business at dartmouthith us tonight in new york. sydney, nice to see you and welcome. you have four of the worst c.e.o.'s of the year, beginning with number 4, mark pincus, manager of zynga that relies on facebook for its success. what brought mark to your list. >> facebook and zynga announced they would go their separate ways and no longer be tied in and you can guess who that will affect more, facebook or zynga. one executive manager after anotheras lftnd that is...
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Dec 28, 2012
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.," new york. >> susie: using your phone for shopping, is just one of the ways you will use your cell phone in the coming year. as processing power gets bigger and the physical size gets smaller, companies are using that mobile technology to make products you use every day smarter as well. as ruben ramirez reports, those are two of the top tech trends we'll see in 2013. >> reporter: people use smartphones to play games, watch movies and keep up with social media, but for many the mobile phone will become a bigger part of their lives in the coming year. trendwatchers call it the mobile fingerprint or a smartphone as unique as your fingerprint. no need to type in passwords, your phone tells your computer its you, and then locks the screen when you step away. on the health front there's technology to let a smartphone help diabetics measure their glucose levels. and with retailers, going mobile means more than processing payments. >> we do something very specific which is not just focus on the mechanics of payments t the experience around it. everything from the point of sale all the way
.," new york. >> susie: using your phone for shopping, is just one of the ways you will use your cell phone in the coming year. as processing power gets bigger and the physical size gets smaller, companies are using that mobile technology to make products you use every day smarter as well. as ruben ramirez reports, those are two of the top tech trends we'll see in 2013. >> reporter: people use smartphones to play games, watch movies and keep up with social media, but for many...
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Dec 7, 2012
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suzanne pratt, nbr, new york. >> susie: when it comes to new claims for jobless benefits, the effects of super storm sandy appear to be passing. new claims fell by 25,000 in the week ending december 1 to a lower than expected 370,000 requests. that's raising hopes about november's jobs data, which is due out tomorrow. grey, and christmas says u.s. employment firm challenger, grey, and christmas says u.s. companies annnced 57,000 job cuts last month. separately, the number of planned job cuts rose 20% in november from october's levels. on wall street, the dow rose 39 points, but the nasdaq added 15, the s&p up nearly five. >> reporter: i'm erika miller in new york. coming up tonight, we'll talk to the c.e.o. of kitchen store sur la table and get his outlook for holiday sales. >> tom: lots of theatrics today, but few visible signs of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington
suzanne pratt, nbr, new york. >> susie: when it comes to new claims for jobless benefits, the effects of super storm sandy appear to be passing. new claims fell by 25,000 in the week ending december 1 to a lower than expected 370,000 requests. that's raising hopes about november's jobs data, which is due out tomorrow. grey, and christmas says u.s. employment firm challenger, grey, and christmas says u.s. companies annnced 57,000 job cuts last month. separately, the number of planned job...
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Dec 8, 2012
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dispatched to new jersey, new york, and connecticut. for the barrier island off the coast of new jersey, it was north of the eye of the storm but think of it like a windmill spinning counter-clockwise. >> seaside was hit with a 37- foot wall wave so that a pretty big wall that was coming in so that a lot of power. that's crashing in here and all that force. it's brining sand. it's bringing all that water in. >> reporter: it wasn't until nearly a month later that insurance adjuster's were allowed on the island to asses the damage. >> the "l" shape everything is going down from the weight of the sand that was pushing it and the water that was pushing it out. it pushed his neighbor's shed completely into the side of his house. he had 5 1/2 feet of water inside his house so everything on the first floor needs to be completely gutted. >> reporter: john marchetti's house sits just two doors closer to the beach. >> i do have homeowners insurance and flood. homeowners doesn't cover very much. everything from the sky is homeowners and everything
dispatched to new jersey, new york, and connecticut. for the barrier island off the coast of new jersey, it was north of the eye of the storm but think of it like a windmill spinning counter-clockwise. >> seaside was hit with a 37- foot wall wave so that a pretty big wall that was coming in so that a lot of power. that's crashing in here and all that force. it's brining sand. it's bringing all that water in. >> reporter: it wasn't until nearly a month later that insurance adjuster's...
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Dec 23, 2012
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hawaii, rhode island, massachusetts, connecticut, and new york, erotically. the five highest, louisiana, mississippi, alaska, nevada, alabama. the other five have the highest gun ownership in the country and the most relaxed laws. we have the toughest gun laws in the city. it did not do much to cut down on the violence. it took a lot of police to do it. >> go on the internet. google gun-control and see what you come up with. statements from the founding fathers about our guns. toward washington. -- george washington. try to stop gun sales in this country, you will run into a series of roadblocks. >> austria h a ms kling inhe mid-1990s and they passed a severe loss where all existing guns had to be turned in. the government bought them back. after a certain date if they were in your home, you were arrested. they have had a decrease in crime and suicide, which is an interesting development. it seems to me, you either have to go that route, which you cannot in the u.s. -- gun ownership in australia was 5% of households. gallup has shown is 47% here. we he the se
hawaii, rhode island, massachusetts, connecticut, and new york, erotically. the five highest, louisiana, mississippi, alaska, nevada, alabama. the other five have the highest gun ownership in the country and the most relaxed laws. we have the toughest gun laws in the city. it did not do much to cut down on the violence. it took a lot of police to do it. >> go on the internet. google gun-control and see what you come up with. statements from the founding fathers about our guns. toward...
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Dec 12, 2012
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erika miller, nbr, new york. >> tom: the latest economic statistics the federal reserve can consider is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowe in month n ll street,he dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus policies have been good for the u.s. economy and the markets. he's mike holland, chairman of his money management firm, holland and company. >> susie: mike, you heard erica's report. which do you think is more important for investors, fed policy action tor the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling people well in advance what he is going to do. the $85 billion should continue building up for our taxpayers bala
erika miller, nbr, new york. >> tom: the latest economic statistics the federal reserve can consider is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowe in month n ll street,he dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus policies...
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Dec 25, 2012
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. >>> funding is provided by carnegie corporation of new york, celebrating 100 years of philanthropy and committed to doing real and permanent good in the world. the coalberg foundation, independent production fund with support from the partridge foundation. the clements foundation, park foundation, dedicated to heightening public awareness of critical issues. the he ared foundation, supporting organizations whose mission is to promote compassion and creativity in our society. the bernard and audrey rappaport foundation. and the betsey fink foundation. barbara g. fleischmann and by our sole corporate sponsor, mutual of america,digning group, individual, and retirement products. that's why we're your retirement company. >>> welcome. the bells rang for the lost. charlotte bacon, olivia engle, anna marquez green, catherine hubbard, emilie parker, jack pinto, noah posner, jssica ricos, benjamin wheeler, and allison wyatt. all were 6 years old. daniel barden and grace mcdonald were 7. six adults died with them. mary sherlock, dawn hochsprung, victoria soto. it helps to say their names to
. >>> funding is provided by carnegie corporation of new york, celebrating 100 years of philanthropy and committed to doing real and permanent good in the world. the coalberg foundation, independent production fund with support from the partridge foundation. the clements foundation, park foundation, dedicated to heightening public awareness of critical issues. the he ared foundation, supporting organizations whose mission is to promote compassion and creativity in our society. the...
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Dec 14, 2012
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ruben ramirez, nbr, new york. >> susie: how much do you expect to spend in retirement? for tips ocalculating how to se aside and whato do th your money if you're already retired, visit us at nbr.com. just look for the "nbr-u" tab. >> tom: swiss bank u.b.s. could be the next bank to pay a fine over allegations of rigging the libor rate. that's the interest rate used to set borrowing costs for everything from mortgages to credit cards. u.b.s. faces a $1 billion penalty for its role in the manipulation scandal. in june, u.k. regulators slapped britain's barclays bank with a $450 million fine for similar charges. >> susie: u.s. regulators may be near an end to an anti-trust investigation of google's internet search results. at issue is whether google manipulates results of its internet search enge to hurt competitors. it was accused of unfairly promoting its shopping and travel services over those of others. google denies it used its dominance in the search business to hurt rivals. the federal trade commission is expected to wrap up the probe by the end of the year. and why
ruben ramirez, nbr, new york. >> susie: how much do you expect to spend in retirement? for tips ocalculating how to se aside and whato do th your money if you're already retired, visit us at nbr.com. just look for the "nbr-u" tab. >> tom: swiss bank u.b.s. could be the next bank to pay a fine over allegations of rigging the libor rate. that's the interest rate used to set borrowing costs for everything from mortgages to credit cards. u.b.s. faces a $1 billion penalty for...
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Dec 19, 2012
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.," new york. >> susie: another nick to toyota's reputation. the automaker is paying a record fine, more than $17 million, for failing to promptly report safety defects related to a lexus recall. this is the second time since 2010 that toyota has paid fines for not properly reporting vehicle defects to u.s. regulators. toyota once had the best reputation for quality and safety, but in the last three years it has announced numerous recalls for separate investigations into sticky pedals, poorly designed floor mats and steering rod problems. >> susie: big changes coming to pfizer. the giant drug maker plans to cut about 20% of its u.s. sales force, or 600 jobs. according to a report from bloomberg, the cuts begin this month and are said to be part of c.e.o. ian read's strategy to reposition pfizer after losing patent protection on its top selling drug, lipitor. at its peak, that cholesterol drug generated revenues of nearly $10 billion a year for pfizer. while lipitor's loss was tough for pfizer, it was a boon for generic drug makers. but in the c
.," new york. >> susie: another nick to toyota's reputation. the automaker is paying a record fine, more than $17 million, for failing to promptly report safety defects related to a lexus recall. this is the second time since 2010 that toyota has paid fines for not properly reporting vehicle defects to u.s. regulators. toyota once had the best reputation for quality and safety, but in the last three years it has announced numerous recalls for separate investigations into sticky...
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Dec 8, 2012
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and this came out of new york. first of all explain how the defense of marriage act worked and how did this one case involving an 83-year-old woman in edie wind sore-- windsor raise the issue. >> well, the challenge here is to a provision in the defense of marriage act, section 3. and that defines for all federal purposes marriage is between one man and one womanment and by doing that it affects more than a thousand federal laws, everything from tax laws to social security and health and welfare benefits. the defense of marriage act was challenged by edie windsor from new york. she had a partner for over 40 years. they were married in 2007 in canada, a new york recognized their marriage when miss windsor's partner, her spouse died. her spouse left her entire estate to edie windsor. because of the defense of marriage act edie windsor was left with almost a 400,000 dollar federal estate tax that someone who was the spouse of an opposite sex coup weill no have had to pay. so their defense of marriage act can being cha
and this came out of new york. first of all explain how the defense of marriage act worked and how did this one case involving an 83-year-old woman in edie wind sore-- windsor raise the issue. >> well, the challenge here is to a provision in the defense of marriage act, section 3. and that defines for all federal purposes marriage is between one man and one womanment and by doing that it affects more than a thousand federal laws, everything from tax laws to social security and health and...
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Dec 1, 2012
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.," new york. >> tom: cliff or no cliff. still ahead, tonight's market monitor guest says stock prices and the economy will grow in 2013. hank smith of haverford trust joins us. >> tom: super storm sandy keeps showing up in some economic data. this time: consumer spending. spending fell 0.2% in october. it was expected to be up that much. stocks were mixed with continued nervousness about the fiscal cliff. the dow gained just three points, the nasdaq lost nearly two. the s&p 500 was virtually unchanged. on the week, the dow up just barely. the nasdaq the biggest gainer: up almost 1.5%, the s&p up half a percentage point. >> susie: investors took a bite out of yum brands today. the stock tumbled 10% after the parent of k.f.c. and pizza hut said its business in china is slowing. yum's c.e.o. warned that china sales will fall by 4% in the fourth quarter, that's a big drop from the same period a year ago when sales surged 21%. blaming the weak chinese economy, yum also said it plans to reduce the number of restaurant openings in
.," new york. >> tom: cliff or no cliff. still ahead, tonight's market monitor guest says stock prices and the economy will grow in 2013. hank smith of haverford trust joins us. >> tom: super storm sandy keeps showing up in some economic data. this time: consumer spending. spending fell 0.2% in october. it was expected to be up that much. stocks were mixed with continued nervousness about the fiscal cliff. the dow gained just three points, the nasdaq lost nearly two. the...
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Dec 25, 2012
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. >> reporter: erika miller, nbr, new york. >> susie: don't let the fiscal cliff scare you away from buying stocks. that's the advice to investors from andy cross, the chief investment officer at the motley fool. tom hudson recently spoke with him, and began by asking if the s&p 500 will be higher or lower this time next year. >> that's a tough question. i'm not in the job of picking the stocks over, you know, three, six, nine, even 12 months is tough for me. here's what i do think. i do think we'll get some resolution to the fiscal cliff, whether it's right now or whether it's soon after the new year, i think we will see so kin of resolution. that will be good for markets, good for business, good for investors. so i'm going into 2013 wanting to be long some really good high quality companies that i know can accrue returns for investors over time. and i don't want to think with the next few months. >> tom: let's focus on the next year ahead. what about volatility, do you think you'll need an iron stomach to be a stock investor? >> i think investing in stocks, in equities comes volati
. >> reporter: erika miller, nbr, new york. >> susie: don't let the fiscal cliff scare you away from buying stocks. that's the advice to investors from andy cross, the chief investment officer at the motley fool. tom hudson recently spoke with him, and began by asking if the s&p 500 will be higher or lower this time next year. >> that's a tough question. i'm not in the job of picking the stocks over, you know, three, six, nine, even 12 months is tough for me. here's what i...
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Dec 25, 2012
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a gunman set a fire in western new york state, then ambushed firefighters, killing two. it was one of several attacks nationwide, with memories of the newtown school massacre still fresh. and in bethlehem, the church of the nativity marked the arrival of christmas day with midnight mass. and the pope presided over late night services for hundreds of the faithful, in st. peter's basilica at the vatican. actor jack klugman was died in california. online, we ask "what did the world look like in 2012?" kwame holman is he to tell us. >> holman: rewind the year in photos and revisit some of the mo memorablend tumultuous moments around the globe. find that slideshow on our world page. plus larry kotlikoff continues to answer questions about social security, including what happens to the benefits of those who die without a survivor. find "ask larry" on the business desk. all that and more is on our web site, newshour.pbs.org. >> brown: and that's the newshour for tonight. on tuesday, christmas day, we'll look ahead to 2013, a pivotal year for implementing the new health care ref
a gunman set a fire in western new york state, then ambushed firefighters, killing two. it was one of several attacks nationwide, with memories of the newtown school massacre still fresh. and in bethlehem, the church of the nativity marked the arrival of christmas day with midnight mass. and the pope presided over late night services for hundreds of the faithful, in st. peter's basilica at the vatican. actor jack klugman was died in california. online, we ask "what did the world look like...
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Dec 12, 2012
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at a news conference in new york city,.s. torney loretta lynch desibed some of the practices at one of the bank's mexican units. the investigation revealed that staggering amounts of cash, hundreds of thousands of u.s. dollars daily, were being deposited into h.s.b.c. mexico using boxes especially made to fit through their tellers' windows to speed the transactions. indeed it was reported to one h.s.b.c. official that h.s.b.c. mexico had received the ringing endorsement of money launderers as he place to launder money. >> woodruff: devlin barrett is covering this story for the "wall street journal," and has more details for us now. so, thank you for joining us. how much money was involved and what are some other examples of what was going on beside this box that fit through the tellers' window. >> the $800 million you mentioned is what they know was essentially laundered drug proceeds but there's also actually vast pools of billion of dollars of money where the bank wasn't paying attention and wasn't checking the basic princi
at a news conference in new york city,.s. torney loretta lynch desibed some of the practices at one of the bank's mexican units. the investigation revealed that staggering amounts of cash, hundreds of thousands of u.s. dollars daily, were being deposited into h.s.b.c. mexico using boxes especially made to fit through their tellers' windows to speed the transactions. indeed it was reported to one h.s.b.c. official that h.s.b.c. mexico had received the ringing endorsement of money launderers as...
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Dec 27, 2012
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and hugjohnson, who runs an investment and advisory firm in albany, new york. you all represent different constituencies. i want to start with you, jackie. -- sorry, i want to start with you, stacy, and talk about philanthropy. this is the end of the year when people are making their decisions about whether they're going to get tax breaks or who they're going to give to. are people looking at the fiscal cliff and saying "i don't know"? >> absolutely. people are uncertain as to whether there's going to be a charitable deduction next year, things like the estate tax will change. so it's a rocky time. so some people are giving more and deciding "i'm going to get the tax break now and do it while it's a good thing for sure" and some people are putting off the decision deciding they isle give more later. so we're seeing a mixed bag but it's a tough time because this is the time of year when most people are doing a lot of charitable giving. >> ifill: let me get your name right this time, jackie, and ask you about federal employees. they are affected by this. there ar
and hugjohnson, who runs an investment and advisory firm in albany, new york. you all represent different constituencies. i want to start with you, jackie. -- sorry, i want to start with you, stacy, and talk about philanthropy. this is the end of the year when people are making their decisions about whether they're going to get tax breaks or who they're going to give to. are people looking at the fiscal cliff and saying "i don't know"? >> absolutely. people are uncertain as to...
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Dec 21, 2012
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york times", how about this. thiss november8th. family business, judd app a foe puts his life, his wife and children on the screen. the set of a judd apatow movie can sometimes feel like a day care center for children and adults alike. what is with you? >> what is with me? >> rose: you just want them around you all the time? you just love the idea of -- >> yeah, this is kind of as simple as that. i mean i love less yee an my children. i love you, paul. >> judd is actually in the process of legally a dopingt me. >> rose: dow look forward to being a son. >> look, i have no control over it. i have been fighting it. he's halfway through the paperwork. >> rose: in fact, you like the same ackers too, don't you. i mean it's very rare that you find people that are you in sync with, and so you know, when i met paul, we just, you know, felt the same way about a lot of things. hit same sense of humor. and so it's always fun to work with people, and you don't get to hang out with him unless you are work together, so that's p
york times", how about this. thiss november8th. family business, judd app a foe puts his life, his wife and children on the screen. the set of a judd apatow movie can sometimes feel like a day care center for children and adults alike. what is with you? >> what is with me? >> rose: you just want them around you all the time? you just love the idea of -- >> yeah, this is kind of as simple as that. i mean i love less yee an my children. i love you, paul. >> judd is...
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Dec 29, 2012
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: syndicated columnist mark shields and "new york times" columnist david brooks. >> brown: developing fiscal cliff, walking short time ago the president came out of the meeting with congressional leaders and said he was modestly optimistic. are you? >> no, no i think everyone is trying to look busy so when we go over he can say we tried. he came back from hawaii, he had to do something. so they had a meeting. if you don't have new offers you don't have progress. you did have a frank exchange but they in in the business of macking a deal there is no real evidence that they moved. so i remain that we will probely go oferm then once that happens then all sort of things start a lining. speaker boehner gets reelect as speaker t is easier to pass a tax cut than do it beforehand. everyone goes crazy outside so there is moreresre. i sll think ituch more likely that not much has happened. >> what do you think? looking busy, that's all that is happening right now? >> i think that it was a chance, on january 3rd, he has the votes from the republican congress, land there is no reason to think doe
: syndicated columnist mark shields and "new york times" columnist david brooks. >> brown: developing fiscal cliff, walking short time ago the president came out of the meeting with congressional leaders and said he was modestly optimistic. are you? >> no, no i think everyone is trying to look busy so when we go over he can say we tried. he came back from hawaii, he had to do something. so they had a meeting. if you don't have new offers you don't have progress. you did...
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Dec 26, 2012
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but first, with the other news of the day, here's kwame holman. >> holman: police in webster, new york, found human remains today in the burned-out home where a gunman ambushed firefighters on christmas eve. the victim appeared to be william spengler's sister. he left a note saying he wanted to burn down the neighborhood and kill people. spengler set fire to his house, then shot four firefighters-- killing two-- before killing himself. he had a revolver, a shotgun, and a bushmaster rifle, the same model used in the newtown school shooting. >> i can't tell you at this time what the victims were shot with. we assume it w the rifle because of the distance. it's going to go to the medical examiner. they'll have the autopsies done. >> holman: two firefighters remained hospitalized today in stable condition. the fire spengler set ultimately burned seven homes. the election commission in egypt confirmed today the new constitution won nearly 64% of the vote in a referendum. the panel also reported turnout was just a third of the country's 52 million registered voters. president mohammed morsi
but first, with the other news of the day, here's kwame holman. >> holman: police in webster, new york, found human remains today in the burned-out home where a gunman ambushed firefighters on christmas eve. the victim appeared to be william spengler's sister. he left a note saying he wanted to burn down the neighborhood and kill people. spengler set fire to his house, then shot four firefighters-- killing two-- before killing himself. he had a revolver, a shotgun, and a bushmaster rifle,...
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Dec 20, 2012
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. >> woodruff: you were asked by the "new york times" to name the three senators you felt closest to in the senate it was three republicans that you named. >> yeah. >> woodruff: i was to ask you, there's a lot of conversation right now about what does the republican party need to do after the terrible losses it suffered in the polls this year? >> right. >> woodruff: do you have a thought about that? >> well, they need to come back to where the public is. frankly, they lost touch with that large plurality in the middle of independents. to mene of theost fascinating numbers are the exit polls was that among self-described moderates, president obama got 15% more votes than governor romney. so a lot of people in this country think president obama is center lowest or even far left. but for self-described moderateit became a choice between obama the democrat, and rom neat republican. and 15% more of them thought that romney the republicans too far over-- i'day to the righ si." so i think the republicans have to come back to where the people are, and they can do it with-- they're particular
. >> woodruff: you were asked by the "new york times" to name the three senators you felt closest to in the senate it was three republicans that you named. >> yeah. >> woodruff: i was to ask you, there's a lot of conversation right now about what does the republican party need to do after the terrible losses it suffered in the polls this year? >> right. >> woodruff: do you have a thought about that? >> well, they need to come back to where the...
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Dec 13, 2012
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"the new york times" reported the syrian military is now fighting back with scud missiles, firing at least a half dozen in recent days. against that backdrop, president obama announced tuesday that the u.s. will now formally recognize the syrian opposition movement. >> we've made a decision that the rian opposition coalition is now inclusive enough, is reflective and representative enough of the syrian population, >> ifill: hours later, the friends of syria meeting in marrakech, morocco took the same step. the u.s. became one of 114 nations to endorse the syrian national council created just last month under international pressure. deputy secretary of state william burns: >> in a growing number of towns and villages, a new syria is bng bn, the regime of bashar al assad must and will go, the sooner he steps aside the better for all syrians. >> ifill: despite showing signs last week of a possible shift in russia's position, the decision did not go down well in moscow, which opposes outside action against the assad regime. foreign minister sergei lavrov: >> ( translated ): as the coalit
"the new york times" reported the syrian military is now fighting back with scud missiles, firing at least a half dozen in recent days. against that backdrop, president obama announced tuesday that the u.s. will now formally recognize the syrian opposition movement. >> we've made a decision that the rian opposition coalition is now inclusive enough, is reflective and representative enough of the syrian population, >> ifill: hours later, the friends of syria meeting in...
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Dec 21, 2012
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gary ackerman of new york said congress has become a partisan bickering bunch of grousing old people. >> trying to quibble around here on this particular issue of the narrative rather than how we work together to make things better to quibble over somebody said a particular word or didn't use the right word, rather than figure out how to avoid the mistakes that might have been to not lose american lives on into the future. >> reporter: amid the furor, ambassador rice has withdrawn herself for consideration as secretary of state. and four state department security officials resigned on wednesday. >> suarez: retailers are hoping to finish the holiday shopping season strong, particularly given some forecasts warning of a slowing economy in 2013. as we reported earlier, consumer spending helped spike better growth this fall. but in light of the last recession, some are asking whether less personal debt and perhaps some more austerity might be a better approach. "newshour" economics correspondent paul solman has been exploring that question. part of his ongoing reporting on "making sense"
gary ackerman of new york said congress has become a partisan bickering bunch of grousing old people. >> trying to quibble around here on this particular issue of the narrative rather than how we work together to make things better to quibble over somebody said a particular word or didn't use the right word, rather than figure out how to avoid the mistakes that might have been to not lose american lives on into the future. >> reporter: amid the furor, ambassador rice has withdrawn...
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Dec 7, 2012
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today, new york city mayor michael bloomberg announced a new long-term initiative to protect the city from future natural disasters. he called for rebuilding vulnerable coastal areas, but dismissed again the idea of constructing a large sea-gate across the harbor. >> we're not going to abandon the waterfront. we're not going to abandon the rockaways or coney island or staten island's south shore. but we can't just rebuild what was there and hope for the best. we have to build smarter and stronger and more sustainably. >> woodruff: 350 miles south. the city of norfolk, virginia, is another coastal city vulnerable to sea level rise and extreme storms. but its mayor has said parts of his city might not be livable in the future. our producer, mike melia, traveled to norfolk recently to look at how it has been struggling with flooding and preparing for the next big storm. he worked with member station whro to bring us this report. it's part of our series-- working with public media partners across the country-- that we call "battleground dispatches." >> reporter: when residents of this por
today, new york city mayor michael bloomberg announced a new long-term initiative to protect the city from future natural disasters. he called for rebuilding vulnerable coastal areas, but dismissed again the idea of constructing a large sea-gate across the harbor. >> we're not going to abandon the waterfront. we're not going to abandon the rockaways or coney island or staten island's south shore. but we can't just rebuild what was there and hope for the best. we have to build smarter and...
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Dec 5, 2012
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the "new york times" reports that the russians had agreed to a new strategy to persuade president assad to step down. for more on all of this, we turn to dimitri simes, president of the center for the national interest, a foreign policy think tank. and steven heydemann, a senior adviser for middle east initiatives at the united states institute of peace. he's worked with the syrian opposition on the challenges ahead once the assad regime falls. steve, to you first. what do you understand the situation on the ground to be right now in syria? >> we have seen in the past month a significant shift in the momentum of events on the ground. we have seen the opposition increase the effectiveness of its tactics. it has acquired weapons that have permitted it to challenge the regime much more effectively across a broad range of fronts ranging from the south of syria to damascus to the north, and we're seeing this reflected in the regime's response to the opposition including some of the activities surrounding movement of chemical weapons. we don't know exactly what's at stake but part of the spec
the "new york times" reports that the russians had agreed to a new strategy to persuade president assad to step down. for more on all of this, we turn to dimitri simes, president of the center for the national interest, a foreign policy think tank. and steven heydemann, a senior adviser for middle east initiatives at the united states institute of peace. he's worked with the syrian opposition on the challenges ahead once the assad regime falls. steve, to you first. what do you...
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"the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game because we've got to... we've got to break that habit before it starts. >> reporter: the 2011 standoff between the president and republicans led the nation to the brink of national default. standard and poor's even lowered its rating on u.s. government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. house republicans reject that idea. and they've called for raising revee wthout rate hikes, plus major savings in entitlement programs. the president argued today a partial deal is possible on taxes, if the g.o.
"the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did...
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Dec 22, 2012
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it's chaired by new york mayor michael bloomberg and boston mayor thomas menino. is there was a lot in that address. 235-- 25 minutes long. but it might be boiled down into one statement. 9 only thing that stops a bad guy with a gun is a good guy with a gun. what was your response to wayne la pierre's message today? >> well, generally i was surprised. and i have been watching the nra for a long time. my dad was a gun deal never colorado, among other things. and you know, i sort of know that nra members are basically mainstream folks with mainstream views on guns. and the nra is normally a smart organization or thought to be. but today's statement is probably the best evidence of i have seen that the organization has a serious political positioning problem. it was incoherent it was factually incorrect. and it was so politically tone deaf to suggest to a nation that a sort of rising up for action, that the answer to to many guns in our society is to put an rnl aed guard in the class room, i think that wayne la pierre has a problem within the country but also within
it's chaired by new york mayor michael bloomberg and boston mayor thomas menino. is there was a lot in that address. 235-- 25 minutes long. but it might be boiled down into one statement. 9 only thing that stops a bad guy with a gun is a good guy with a gun. what was your response to wayne la pierre's message today? >> well, generally i was surprised. and i have been watching the nra for a long time. my dad was a gun deal never colorado, among other things. and you know, i sort of know...